Comments on: Nine Banks Have Failed in 2009 So Far http://www.consumerismcommentary.com/nine-banks-have-failed-in-2009-so-far/ A premier personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Mon, 13 Feb 2012 01:22:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Flexo http://www.consumerismcommentary.com/nine-banks-have-failed-in-2009-so-far/comment-page-1/#comment-188112 Flexo Tue, 10 Feb 2009 03:04:45 +0000 http://www.consumerismcommentary.com/?p=5285#comment-188112 The FDIC <a href="http://www.fdic.gov/bank/individual/failed/banklist.html" rel="nofollow">maintains a list</a>. The FDIC maintains a list.

]]> By: thomas http://www.consumerismcommentary.com/nine-banks-have-failed-in-2009-so-far/comment-page-1/#comment-188107 thomas Tue, 10 Feb 2009 02:19:33 +0000 http://www.consumerismcommentary.com/?p=5285#comment-188107 Super! At least they didn't take TARP funds. I'm sure the bank taking them over (or their assets) have taken a sip from the taxpayer fountain. Super! At least they didn’t take TARP funds. I’m sure the bank taking them over (or their assets) have taken a sip from the taxpayer fountain.

]]> By: Eric http://www.consumerismcommentary.com/nine-banks-have-failed-in-2009-so-far/comment-page-1/#comment-188106 Eric Tue, 10 Feb 2009 01:48:25 +0000 http://www.consumerismcommentary.com/?p=5285#comment-188106 Interesting...is there a site we can reference to see which banks have failed? Interesting…is there a site we can reference to see which banks have failed?

]]> By: Eli http://www.consumerismcommentary.com/nine-banks-have-failed-in-2009-so-far/comment-page-1/#comment-188097 Eli Mon, 09 Feb 2009 23:12:39 +0000 http://www.consumerismcommentary.com/?p=5285#comment-188097 It looks like its all the small banks that are closing down. Maybe it's a good idea to keep your money spread out in a few different places? This was an interesting post and I believe that '09 isn't going to be any prettier than last year. It looks like its all the small banks that are closing down. Maybe it’s a good idea to keep your money spread out in a few different places? This was an interesting post and I believe that ’09 isn’t going to be any prettier than last year.

]]> By: Brad http://www.consumerismcommentary.com/nine-banks-have-failed-in-2009-so-far/comment-page-1/#comment-188086 Brad Mon, 09 Feb 2009 20:06:56 +0000 http://www.consumerismcommentary.com/?p=5285#comment-188086 100? are you kidding me...that is barely 1% There are 8500 banks in the country. I dont think 2-3% failure rate would be unheard of. Just look at the late 80s, we had 400-500 banks a year fail: http://www2.fdic.gov/hsob/HSOBSummaryRpt.asp?BegYear=2009&EndYear=1934&State=1 100? are you kidding me…that is barely 1%

There are 8500 banks in the country. I dont think 2-3% failure rate would be unheard of. Just look at the late 80s, we had 400-500 banks a year fail:

http://www2.fdic.gov/hsob/HSOBSummaryRpt.asp?BegYear=2009&EndYear=1934&State=1

]]> By: CJ http://www.consumerismcommentary.com/nine-banks-have-failed-in-2009-so-far/comment-page-1/#comment-188082 CJ Mon, 09 Feb 2009 18:41:21 +0000 http://www.consumerismcommentary.com/?p=5285#comment-188082 Eh. It's just a natural cycle of a down economy. It's nothing to be afraid of. I know a lot of business people who love down economies. It gives them the ability to reduce their competition. I was just talking to a friend of mine about the economy. He said his business was effected like everyone else but he was still glad about the overall economy. He's working extra hard right now on running his competition out of business. He's reducing his expenses while increasing his sales efforts. He has already "stolen" a few clients from his competitors. So I think these types of things are just common in every industry, not just the banking industry. And it's not like the banks listed above are Bank of America or JPMorgan Chase. They are relatively small banks. So this doesn't worry me in the least. Eh. It’s just a natural cycle of a down economy. It’s nothing to be afraid of.

I know a lot of business people who love down economies. It gives them the ability to reduce their competition. I was just talking to a friend of mine about the economy. He said his business was effected like everyone else but he was still glad about the overall economy. He’s working extra hard right now on running his competition out of business. He’s reducing his expenses while increasing his sales efforts. He has already “stolen” a few clients from his competitors.

So I think these types of things are just common in every industry, not just the banking industry. And it’s not like the banks listed above are Bank of America or JPMorgan Chase. They are relatively small banks.

So this doesn’t worry me in the least.

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